Marcov719 wrote:No checking account but I do have an annual fee of 30.00. What specifics should I mention when closing my account? Like you said.
bernhardtra wrote:Closing the card still reports as a good credit line to the bureaus. You can try for another card with them through their pre-approval process. This process only does a soft inquiry to you report and it matches you to the cards you will probably qualify for. You can also try HSBC as they also do a soft inquiry and matching process. If they say you qualify for one of their no fee cards, then you could probably qualify for a card with a good company. If you got the Amex Green you should be OK. You can also go to Credit Karma and get a good idea about how your score looks now. It is free and they give an explanation about why your score is what it is. You should go for the Chase card as you don't have an account with them. Amex might have a waiting period or rule about multiple accounts.
Crashem wrote:If your only cards are your Capital One and AMEX, I would wait a bit before closing capital one as it is your only revolving credit line (amex is charge card and doesn't count for most fico models). You need to get another major credit card or 2 before closing that capital one.
JCarter wrote:+1. You'll really want to establish yourself with at the very least (2) more cards.